Quote from: wavelengthsf on February 06, 2018, 11:23:51 PM

Quote from: storeship on February 06, 2018, 10:52:06 PM

So we are mining to find a new block?
Where does Bitcoin transactions and the fees associated with that fall in with mining for a block or is that something completely separate?

Yes, we are mining to find a new block, and then add transactions to that block.

The blockchain is a giant book of transactions. Finding a block is adding a page to that book. In order to add the page, a miner performs the work Kano and others said.

Part of that work is a set of transactions we'll include in the block (on the page we add.) This list is pulled from the unconfirmed transactions that the pool gets from the network.

As a reward for adding the transaction to our new page, we get the TX fees for that transaction. Kano's pool, unlike some other big pools, pays these fees to the miners.

Brilliant understand a little more now.